Lele Ketang has raised $40 million in a Series C round led by Owl Ventures, while Space Pioneer has garnered ‘tens of millions of US dollars’ in a Series A round led by returning backer ZJU Joint Innovation Investment.
Owl Ventures leads $40m in Lele Ketang
Beijing-headquartered K12 education platform Lele Ketang has raised $40 million in its Series C round, led by Owl Ventures, per an announcement.
The fresh round of funding will be used to spruce up content, product and talent.
Set up in 2014, Lele is an internet education platform that caters to students till the age group of 18 and develops interactive programmes for them. Besides, it also develops teaching products for schools and has partnerships with over 4,000 education institutions across 130 cities in China.
Lele Ketang’s existing backers include Morningside Venture Capital, Lightspeed China Partners, BlueRun Ventures, CDF.CN and Sina.
Space Pioneer raises $14m in Series A round
Space Pioneer, a developer of spacetech solutions, has secured ‘tens of millions of US dollars’ in a Series A round led by returning backer ZJU Joint Innovation Investment, per an announcement.
The round also saw the participation of East China’s Jiaxing-based Zaihe Investment.
The total corpus raised by Space Pioneer in 2020 currently stands at over 200 million yuan ($29 million).
Earlier this year, ZJU Joint Innovation Investment led a $14 million pre-Series A investment round in Space Pioneer to facilitate its expansion plans.
The startup’s other backers include Innoangel Fund, Eagles Fund, Landstone Capital and Jiuyo Capital.